Question
You purchase 4,000 bonds with a par value of $1,000 for $982 each. The bonds have a coupon rate of 6.9 percent paid semiannually and
You purchase 4,000 bonds with a par value of $1,000 for $982 each. The bonds have a coupon rate of 6.9 percent paid semiannually and mature in 10 years.
How much will you receive on the next coupon date?
How much will you receive when the bonds mature? (Do not round intermediate calculations. Round your answers to the nearest whole number.)
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Financial Sector Reform And Privatization In Transition Economies
Authors: John Doukas, Victor Murinde, Clas Wihlborg
1st Edition
044482653X, 9780444826534
